Par Pacific (NYSE:PARR) Stock Price Expected to Rise, Mizuho Analyst Says

Par Pacific (NYSE:PARR) had its price target raised by research analysts at Mizuho from $18.00 to $21.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the stock. Mizuho’s price objective suggests a potential upside of 8.47% from the stock’s current price.

Other equities research analysts have also issued reports about the company. StockNews.com lowered Par Pacific from a “hold” rating to a “sell” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on Par Pacific from $27.00 to $26.00 and set an “overweight” rating for the company in a research report on Thursday, January 16th. TD Cowen cut their price target on shares of Par Pacific from $21.00 to $17.00 and set a “buy” rating on the stock in a report on Thursday, February 27th. UBS Group decreased their price objective on shares of Par Pacific from $20.00 to $14.75 and set a “neutral” rating for the company in a report on Wednesday, April 16th. Finally, The Goldman Sachs Group raised shares of Par Pacific from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $19.00 in a research report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $21.25.

Par Pacific Price Performance

Par Pacific stock opened at $19.36 on Tuesday. Par Pacific has a 12-month low of $11.86 and a 12-month high of $29.32. The company has a current ratio of 1.69, a quick ratio of 0.66 and a debt-to-equity ratio of 0.84. The firm has a 50-day moving average price of $14.41 and a 200-day moving average price of $15.72. The firm has a market capitalization of $998.57 million, a PE ratio of 3.75 and a beta of 1.50.

Par Pacific (NYSE:PARR) last announced its quarterly earnings data on Monday, May 5th. The company reported ($0.94) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.40) by ($0.54). Par Pacific had a return on equity of 10.06% and a net margin of 3.74%. The firm had revenue of $1.75 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the business earned $0.69 EPS. The firm’s revenue for the quarter was down 11.9% on a year-over-year basis. As a group, equities research analysts forecast that Par Pacific will post 0.15 EPS for the current year.

Institutional Trading of Par Pacific

Institutional investors and hedge funds have recently made changes to their positions in the company. Barclays PLC grew its holdings in Par Pacific by 10.1% during the 3rd quarter. Barclays PLC now owns 469,640 shares of the company’s stock worth $8,265,000 after acquiring an additional 42,930 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Par Pacific by 232.5% during the fourth quarter. GAMMA Investing LLC now owns 1,669 shares of the company’s stock valued at $27,000 after purchasing an additional 1,167 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Par Pacific by 37.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,557 shares of the company’s stock valued at $42,000 after buying an additional 700 shares during the period. Viking Fund Management LLC purchased a new position in Par Pacific during the fourth quarter valued at approximately $1,229,000. Finally, Mutual Advisors LLC raised its stake in Par Pacific by 30.9% in the fourth quarter. Mutual Advisors LLC now owns 65,724 shares of the company’s stock worth $1,171,000 after buying an additional 15,511 shares in the last quarter. 92.15% of the stock is currently owned by institutional investors.

About Par Pacific

Par Pacific Holdings, Inc owns and operates energy and infrastructure businesses. The company operates through Refining, Retail, and Logistics segments. The Refining segment owns and operates refineries that produce gasoline, distillate, asphalt, and other products primarily for consumption in Kapolei, Hawaii, Newcastle, Wyoming, Tacoma, Washington, and Billings, Montana.